medium · Elliott Wave Theory

A commodity market completes a Primary-degree Wave (A) and Wave (B). Wave (C) unfolds as an ending diagonal starting at 120, with internal sub-wave extremes at 105 (wave 1), 112 (wave 2), 98 (wave 3), 108 (wave 4), and 92 (wave 5).

Where should the technician set the target for the post-diagonal rally?

  1. 108
  2. 145
  3. 120
  4. 112

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